Modernizing Omnichannel Check Fraud Detection

Check fraud is on the rise in the US Fraudsters have many methods at their disposal Direct engagement between banks and customers can help reduce fraud In an article at Refine Intelligence, Daniel Shkedi, Head of Product Marketing & Strategy at Refine Intelligence, opens with a flashback: Late one restless night in 2023, I found…

A new cooperative effort to combat check fraud is announced An infographic provides a great overview Collaboration is the key to success The American Bankers Association and the U.S. Postal Inspection Service have announced a cooperative effort to combat check fraud, kicking off the partnership with a rather extraordinary new infographic designed to educate consumers about what they can…

The rise in check fraud surprises some Instant payments are an alternative, but many people do not use them The public is becoming more aware of fraud and how to avoid it Over the past few years, the Independent Community Bankers of America (ICBA) has been on the forefront of taking on check fraud. Last…

What is a rules engine? Utilizing a rules engine for check fraud detection Identifying use cases for rule engines in check fraud The importance of having a multi-layered technology approach to check fraud cannot be overstated. It’s crucial to integrate myriad technologies — such as transactional/behavioral analytics, image forensic AI, consortium data, dark web monitoring,…

Commercial mail is predicted to play a more prominent role in the delivery ecosystem State-level attention to postal security is not as effective as federal mail theft laws Changes to mail logistics under the Postal Service’s 10-year plan are raising concerns about delayed delivery to rural areas Since the pandemic, the post office has garnered…

Rob Rendell, Global Head of Fraud Market Strategy & Fraud Prevention – Subject Matter Expert at Nice Actimize, offers a detailed overview of First-Party Fraud and Mule Activity, two unnervingly popular scam methodologies. First-party fraud (FPF) is when the fraudster doubles as a customer. Fraudsters will open accounts for the specific purpose of executing their…

Predictive Intelligence has emerged as a valuable tool against fraud Even with many new payment methods available, checks remain popular fraud vehicles Predictive Intelligence anticipates the risk of fraudulent payments Payments Journal reports that Predictive Intelligence has emerged as a valuable tool for financial institutions in their efforts to mitigate fraud attacks on payments. Unfortunately,…